I came across this chart today and was pretty surprised to see how BTC Network Activity has been stuck in a transaction per day range since April. Given how it has responded with price highs not keeping up with price lows it will be interesting if the Fed cutting rates will help spur more activity or what is going to help break this range.
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41 sats \ 1 reply \ @OgFOMK 7 Sep
I think if there is a lot of lightning channel activity then you won't see that reflected except for opening and closing channels.
Or any other off chain, multi signature ventures... Very important to think about.
Settlement is Bitcoin activity. Use is everything that doesn't settle.
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31 sats \ 0 replies \ @Cje95 OP 7 Sep
I see what you are saying and I wonder if there is a way to factor in L2s to better track. Needless this time around whales do not seem to be accumulating like they have been with previous pull backs
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10 sats \ 0 replies \ @Thereal 7 Sep
Adoption in action
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10 sats \ 1 reply \ @grayruby 7 Sep
I think considering the impact of ETFs and derivatives we will often see divergences between onchain volume and price. The question is will these divergences persist.
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81 sats \ 0 replies \ @Cje95 OP 7 Sep
Yeah I could see that being a cause. I wonder those if large investors though look at this and if they do how much this factors into their investing decision
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